Fed chief backs more study of subprime lending

Loans have helped more become homeowners, but are they used fairly?

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The “democratization” of credit has created more opportunities for home ownership, but questions remain whether uninformed consumers pay too much for home loans and whether lenders are competing in historically underserved communities.

Those were views Federal Reserve Chairman Ben Bernanke shared with community development bankers this week at the Opportunity Finance Network’s annual conference in Washington, D.C.

In his prepared remarks, Bernanke said the Fed and community d